Karen K. Bieberstein

Charlotte, NC 28269

MANAGER / CONSULTANT / ANALYST / PROJECT SUPPORT - Accounting/Finance/Investments - Forecasting/Valuations/Variance Analysis - Tax/Legal/Regulatory Compliance

- Executive-Level Reporting - Transition/Change Management - Process Improvement and Implementation

CAREER PROFILE AEROTEK INCORPORATED – Professional Services

2008- 8/2009

Consultant: Client: Wachovia Corporation, Charlotte, NC General Banking Group – CFO Wachovia Mortgage Corporation – Accounting and Controls • • • • •

Providing senior level consultant and analyst transition support for both Golden West and Wachovia Mortgage Corporation’s CFO Directors Reports, and for Investor Relations and Regulatory Reporting units. Responsible for FAS 91 monthly fee and other interest income/expense yield reclass entries. Producing daily / monthly new REMIC investor asset/suspense account clearance/reconciliations/reclasses analyses. Managing quarterly Securitization Loan Contribution journal entries. Providing Management and GAAP incentive expense reporting and analyses. Identifying areas for improvement and consolidation within individual workload as well as group reporting methodologies.

VACO, LLC - Financial Resources Division

2006-2007

Consultant: Washington Consulting, Reston/Vienna, VA Client: FHLMC (Freddie Mac), McLean, Virginia Investments and Capital Markets –Debt & Derivative Accounting and Reporting

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Successfully served as interim Derivatives Accounting and Reporting Team manager for three CPA Senior Analysts, consistently producing accurate month-end accounting results during FX buybacks, new swap product implementations, accounting system limitations, and tighter close deadlines. Prioritized and balanced team workload via redistribution of reporting responsibilities, by developing analysts’ skill sets and supporting individual performance goals. Facilitated meetings, provided constructive feedback, and assisted in communicating and enforcing changes in regulatory reporting and accounting policy requirements. Provided senior analyst support enabling client to focus staff resources on high priority system improvements and new product training. This included providing mid-month mid-level financial statement analytics for CFO briefing deck, and full ownership of the derivative statement of cash flow process. Consulted management by verifying active hedge accounting treatments per FAS 133, and by assisting with new product accounting integration. Reviewed new treasury system test cases requirements, developed and transitioned process flow documentation for existing derivative treasury systems. Consulted management by providing recommendations for internal debt capacity procedures and by verifying detailed accounting system failure reports.

BANK OF AMERICA (BOA) – Corporate Finance, Charlotte, NC

2000-2006

Assistant Vice President / Sr. Financial Analyst – Global Corporate and Investment Banking

2005-2006

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Collected, assessed, consolidated, and reported month-end forecast versus actual variances on behalf of GCIB’s Commercial segments as leader on the GCIB Planning and Reporting team. Results reported to Chief Accounting officer and utilized in EPS calculation. Developed new model, greatly improving the accuracy and timeliness of monthly actuals and forecast-toplan variance analysis by transitioning previous Excel-based process to Access database. Managed the monthly publication of the GCIB executive business review package - streamlining the process and assisting in timely, value added executive reporting to Bank Vice Chairman (and direct reports). Reviewed Commercial Banking financials pages published in earnings and press releases – successfully meeting division goals for providing accurate and timely reporting to the business partners.

BANK OF AMERICA (BOA) – Corporate Finance, Charlotte, NC (Continued) Assistant Vice President / Intermediate Financial Analyst – Regulatory Reporting •

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Supported regulatory reporting accuracy initiatives by providing solid leadership as preparer and mid level reviewer. Directed timely and accurate preparation and analysis of FFIEC reports submitted to various regulatory agencies, including the FDIC, FRB, and OCC for Bank of America Corporation, NationsBank Holdings, Bank of America N.A., and Bank of America California, among other sub-entities. Partnered with business and finance units across the organization to gather, analyze, and report information; conducted comprehensive analyses, prepared thorough variance explanations and supplemented analyses through the examination of various financial materials, efforts ensuring full compliance with regulatory definitions and guidelines for schedules such as Securities and Trading Assets. Supported successful integration of Fleet Bank regulatory reports via account activity and definition research, and independent development of merger specific templates eliminating duplications. Supported accuracy initiatives by verification and revision of analysts’ FFIEC report balances and variance explanations of the BS/IS; effecting Bank balance sheet/risk management strategy, market factors, investment results, and other Bank initiatives and programs. Was sought out by senior management for highly accurate, deadline-sensitive account balance requests from internal and external auditors and Corporate Treasury.

Officer / Financial Analyst – Asset Securitization / Structured Transactions •

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2004-2005

2000-2004

Served as highly dependable support analyst on sub-prime home equity securitization team, responsible for transitioning over 15 securitization pools and their respective monthly reporting requirements from Jacksonville, FL to Charlotte, NC. Project included eight weeks of travel to Jacksonville, FL offices. Extensive reporting improvements resulted in 50% staffing reduction upon project completion. Provided similar analyst support and process improvements for manufactured housing securitizations and structured transactions products, improving accuracy and reporting timeliness to internal business partners.

BB&T LEASING CORPORATION – Corporate Leasing Division, Charlotte, NC 1995-2000 Accounting Specialist / MIS Assistant • Successful senior accountant reporting to Operations Manager. • Provided accurate month-end close results for Division and delivered P&L’s to executives and president. • Assisted in managing accounts payable and receivable desks. • Successfully implemented and oversaw several accounting process improvement initiatives, resulting in significant lease charge-off reductions (>$10,000’s). EDUCATION & CREDENTIALS NORTH CAROLINA STATE UNIVERSITY – Raleigh, NC 1995 Bachelor of Arts in Economics and Bachelor of Arts in Business Management with a Minor in Psychology ADDITIONAL INFORMATION Professional Membership: Alumni, Alpha Kappa Psi Professional Business Fraternity Additional Training: Graduate (Honors) Level Economics Price Theory (NCSU). Extensive continuing education in Accounting, Technology, Coaching/Mentoring Awards: Various awards from senior and executive management for process improvement initiatives Technology: Microsoft Office Suite, Visual Basic scripting/documentation/debugging PeopleSoft, Hyperion products (Essbase), and basic SQL and HTML scripting/querying Tremendous strengths in understanding complex system infrastructures and their limitations Languages: Fluency in German, Basic French Affiliations: Volunteer, American Red Cross, Blood Donation, 2000-Present; Habitat for Humanity (Led five builds/30 volunteers per outing), 2003-2004